NET AND CO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NET AND CO
Largest movements
- Receivables within one year -€17,862
down €17,862 (-21.1%), from €84,810 to €66,947
of which Trade receivables: -€24,256
- Tangible fixed assets -€11,019
down €11,019 (-40.7%), from €27,061 to €16,043
- Profit (loss) carried forward -€30,003
down €30,003, from €11,801 to -€18,202
- Debts after one year -€12,810
down €12,810 (-85.8%), from €14,925 to €2,115
- Trade debts +€6,445
up €6,445 (+11.5%), from €55,800 to €62,244
- Tax, wage and social debts +€5,765
up €5,765 (+743%), from €775 to €6,540
of which Taxes: +€5,329
- Other debts -€4,516
down €4,516 (-50.8%), from €8,889 to €4,373
- Gross operating margin -€4,762
down €4,762 (-79.0%), from -€6,029 to -€10,791
- Write-downs -€2,039
no longer reported in 2025 (was €2,039)
- Financial income -€1,365
down €1,365 (-65.2%), from €2,094 to €729
- Other operating charges -€948
down €948 (-31.8%), from €2,983 to €2,035
- Financial charges +€671
up €671 (+11.5%), from €5,816 to €6,487
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,925 | €120,670 | -€28,255 | -19.0% |
| Fixed assets | 21/28 | €29,281 | €18,263 | -€11,019 | -37.6% |
| Tangible fixed assets | 22/27 | €27,061 | €16,043 | -€11,019 | -40.7% |
| Leasing and similar rights | 25 | €27,061 | €16,043 | -€11,019 | -40.7% |
| Financial fixed assets | 28 | €2,220 | €2,220 | = | 0.0% |
| Current assets | 29/58 | €119,644 | €102,407 | -€17,237 | -14.4% |
| Amounts receivable within one year | 40/41 | €84,810 | €66,947 | -€17,862 | -21.1% |
| Trade receivables | 40 | €71,603 | €47,347 | -€24,256 | -33.9% |
| Other amounts receivable | 41 | €13,207 | €19,600 | +€6,393 | +48.4% |
| Current investments | 50/53 | €3,894 | €3,894 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,940 | €31,070 | +€130 | +0.4% |
| Deferred charges and accrued income | 490/1 | - | €496 | +€496 | |
| Total equity and liabilities | 10/49 | €148,925 | €120,670 | -€28,255 | -19.0% |
| Equity | 10/15 | €19,861 | -€10,142 | -€30,003 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,801 | -€18,202 | -€30,003 | |
| Amounts payable | 17/49 | €129,064 | €130,812 | +€1,748 | +1.4% |
| Amounts payable after more than one year | 17 | €14,925 | €2,115 | -€12,810 | -85.8% |
| Financial debts | 170/4 | €14,925 | €2,115 | -€12,810 | -85.8% |
| Amounts payable within one year | 42/48 | €114,139 | €128,402 | +€14,263 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €12,241 | €15,395 | +€3,154 | +25.8% |
| Financial debts | 43 | €36,434 | €39,849 | +€3,416 | +9.4% |
| Credit institutions | 430/8 | €36,434 | €39,849 | +€3,416 | +9.4% |
| Trade debts | 44 | €55,800 | €62,244 | +€6,445 | +11.5% |
| Suppliers | 440/4 | €55,800 | €62,244 | +€6,445 | +11.5% |
| Taxes, remuneration and social security | 45 | €775 | €6,540 | +€5,765 | +743% |
| Taxes | 450/3 | €775 | €6,104 | +€5,329 | +687% |
| Remuneration and social security | 454/9 | - | €436 | +€436 | |
| Other amounts payable | 47/48 | €8,889 | €4,373 | -€4,516 | -50.8% |
| Accrued charges and deferred income | 492/3 | - | €295 | +€295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,543 | €11,019 | -€525 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,039 | - | -€2,039 | |
| Other operating charges | 640/8 | €2,983 | €2,035 | -€948 | -31.8% |
| Gross operating margin | 9900 | -€6,029 | -€10,791 | -€4,762 | -79.0% |
| Operating profit (loss) | 9901 | -€22,594 | -€23,845 | -€1,251 | -5.5% |
| Financial income | 75/76B | €2,094 | €729 | -€1,365 | -65.2% |
| Recurring financial income | 75 | €2,094 | €729 | -€1,365 | -65.2% |
| Financial charges | 65/66B | €5,816 | €6,487 | +€671 | +11.5% |
| Recurring financial charges | 65 | €5,816 | €6,487 | +€671 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,316 | -€29,603 | -€3,287 | -12.5% |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | -€26,316 | -€30,003 | -€3,687 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,316 | -€30,003 | -€3,687 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.